Analysts Expect Malibu Boats Inc (NASDAQ:MBUU) to Post $0.71 EPS
Wall Street analysts expect Malibu Boats Inc (NASDAQ:MBUU) to announce $0.71 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for Malibu Boats’ earnings. The lowest EPS estimate is $0.65 and the highest is $0.78. Malibu Boats reported earnings of $0.86 per share in the same quarter last year, which indicates a negative year over year growth rate of 17.4%. The firm is scheduled to report its next quarterly earnings report before the market opens on Thursday, February 6th.
On average, analysts expect that Malibu Boats will report full-year earnings of $3.95 per share for the current year, with EPS estimates ranging from $3.79 to $4.16. For the next fiscal year, analysts forecast that the business will post earnings of $4.33 per share, with EPS estimates ranging from $4.20 to $4.46. Zacks’ earnings per share calculations are an average based on a survey of sell-side research firms that that provide coverage for Malibu Boats.
Malibu Boats (NASDAQ:MBUU) last posted its quarterly earnings data on Thursday, November 7th. The company reported $0.83 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.70 by $0.13. Malibu Boats had a net margin of 9.64% and a return on equity of 42.48%. The firm had revenue of $172.10 million for the quarter, compared to the consensus estimate of $149.98 million. During the same quarter in the prior year, the company posted $0.67 earnings per share. The company’s revenue for the quarter was up 39.4% compared to the same quarter last year.
A number of large investors have recently modified their holdings of the stock. BlackRock Inc. increased its holdings in Malibu Boats by 7.3% in the 2nd quarter. BlackRock Inc. now owns 1,712,838 shares of the company’s stock worth $66,543,000 after buying an additional 116,219 shares during the period. Vanguard Group Inc. lifted its position in shares of Malibu Boats by 1.8% during the 2nd quarter. Vanguard Group Inc. now owns 1,066,089 shares of the company’s stock valued at $41,418,000 after buying an additional 19,150 shares in the last quarter. Royal Bank of Canada lifted its position in shares of Malibu Boats by 5.7% during the 2nd quarter. Royal Bank of Canada now owns 659,075 shares of the company’s stock valued at $25,605,000 after buying an additional 35,643 shares in the last quarter. Neumeier Poma Investment Counsel LLC lifted its position in shares of Malibu Boats by 2.8% during the 2nd quarter. Neumeier Poma Investment Counsel LLC now owns 651,390 shares of the company’s stock valued at $25,307,000 after buying an additional 17,600 shares in the last quarter. Finally, Nuveen Asset Management LLC lifted its position in shares of Malibu Boats by 1,065.1% during the 2nd quarter. Nuveen Asset Management LLC now owns 455,758 shares of the company’s stock valued at $17,707,000 after buying an additional 416,639 shares in the last quarter. Institutional investors own 97.16% of the company’s stock.
Shares of MBUU traded up $1.01 during mid-day trading on Monday, hitting $43.22. 4,034 shares of the company traded hands, compared to its average volume of 103,358. Malibu Boats has a 1-year low of $24.79 and a 1-year high of $47.95. The company has a quick ratio of 0.72, a current ratio of 1.61 and a debt-to-equity ratio of 0.53. The company has a market capitalization of $873.45 million, a PE ratio of 12.84, a price-to-earnings-growth ratio of 1.11 and a beta of 1.87. The business has a 50 day moving average of $40.34 and a 200 day moving average of $34.30.
Malibu Boats Company Profile
Malibu Boats, Inc designs, manufactures, distributes, markets, and sells recreational powerboats. The company offers performance sport boats under the Malibu and Axis brand names; and sterndrives and outboard boats under the Cobalt brand name. Its boats are used for water sports, including water skiing, wakeboarding, and wake surfing, as well as general recreational boating.
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